Environmental Accounting

The Environmental Accounting Project began in 1992, in response to concerns from outside stakeholders. These stakeholders believe that pollution prevention would not be adopted as the first choice of environmental management by industry until the environmental costs of non-prevention approaches and the economic benefits of pollution prevention could be seen by managers making business decisions. The mission of this project is to encourage and motivate business to understand the full spectrum of their environmental costs and integrate these costs into decision making. Adoption of environmental accounting techniques increase visibility of environmental costs to company managers, thus improving the management of costs.